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Chevron Bearish Moving Average Crossover Alert (CVX)

By David Diaz

Today, shares of Chevron (NYSE:CVX) have fallen below their 10-day MA of $106.49 on a volume of 1.1 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Chevron have traded between a low of $69.58 and a high of $119.00 and are now at $105.80, which is 52% above that low price. The 200-day and 50-day moving averages have moved 0.18% higher and 1.30% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Chevron. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Chevron in search of a potential trend change.

Keywords: moving crosses Chevron

Ticker(s): CVX